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Home Owner News Archive


How Buyers Can Stand Out in a Multiple-Offer Market

A Beverly Hills home listed at $2.5 million and sold within 10 days at $100,000 over asking price with multiple-offers. A bank real estate-owned property listed at $4.9 million and received 21 offers—some were $250,000 over asking price. Far from exceptional, ...


For Sale: Kurt Cobain’s Childhood Home, Nirvana Nostalgia, Bad Carpet

(MCT)--Got more money than you know what to do with? A terminal case of Nirvana nostalgia? A fondness for dingy carpet? Then you’ll be happy to know Kurt Cobain’s childhood house is for sale. ...


Coldwell Banker Previews International Survey Shows More Young Money Entering the Luxury Real Estate Market

A new survey by Coldwell Banker Previews International® and the Luxury Institute finds that wealthy younger buyers are driving the luxury real estate market, and they are willing to pay more than similar wealthy buyers age 55 ...


Great Spaces: Scarlett Sells Condo for Half a Million

Actress Scarlett Johansson, of “Lost in Translation” and “The Avengers,” recently sold her Hollywood condo for $470,000. The two-bedroom unit spans 1,148 square feet, and the building includes a doorman, swimming pool and ...


All Top 100 Markets Gained in Homes.com July Data

Utilizing home pricing data for the period ending July 2013, the Homes.com Price Index showed gains for single-family properties in all 100 markets, up from 87 in the previous reporting period. ...


Sources of New Home Sales Financing

While the sources of finance for new home sales have changed noticeably since the start of the Great Recession, cash sales remain more common for existing homes compared to new construction. ...


August Existing-Home Sales Rise, Limited Inventory Continues to Push Prices

Existing-home sales increased in August and reached the highest level in six-and-a-half years, while the median price shows nine consecutive months of double-digit, year-over-year increases, according to the National Association of REALTORS®. ...


Homebuyers Keep the New York State Housing Market Hot

REGIONAL SPOTLIGHT– Robust buyer activity continued to drive the summer housing market across New York State during August with gains being posted in closed sales, median price and pending sales, according to a housing market report released recently by the New York State Association of REALTORS®. ...


Great Spaces: An Inside Look at a Wowing Connecticut Custom Contemporary

Hidden in the quaint town of Easton, Conn., sits this unique custom-built contemporary, designed by architect John Newman and inspired by Frank Lloyd Wright’s “Fallingwater” home. Just a little over an hour away from New York City, this six-bedroom, nine-and-a-half-bathroom home ...


RE/MAX Asks Consumer to Share “My Perfect Fit”

This week, RE/MAX kicks off its new social media campaign, “My Perfect Fit.” Inspired by the RE/MAX national ad campaign For All the Things That Move You®, consumers are asked to embrace the art of storytelling by sharing what makes their home the “perfect fit,” with a chance to win ...


Cash for Homes: Policy Implications of an Investor-Led Housing Recovery

Across the country, investors are taking advantage of the nation’s foreclosure crisis to purchase homes at bargain prices, often beating out potential homeowners who remain sidelined. In July, cash-on-hand investors bought about 55 percent of the homes sold in Las Vegas and numerous properties in other major metropolitan areas such ...


Another 8.3 Million Underwater Homeowners on Track to Resurface Before 2015

While 10.7 million residential homeowners nationwide owe at least 25 percent or more on their mortgages than their properties are worth, another 8.3 million homeowners are either slightly underwater or slightly above water, putting them on track to have enough equity ...


Divorce and Home Values: Till Equity Do Us Part

(MCT)—Forget the whole “till death do us part” thing. ...


HUD Announces Additional Measures to Manage Risk in FHA’s Reverse Mortgage Program

The U.S. Department of Housing and Urban Development (HUD) is publishing new guidance to manage risk associated with the Federal Housing Administration’s (FHA) reverse mortgage or Home Equity Conversion Mortgage (HECM) Program. This is part of the Department’s continuing effort to reform, strengthen and protect FHA’s Mutual Mortgage Insurance (MMI) ...


The Mortgage Professor: Should You Fix Up a Home before Selling It?

(MCT)—Recently I put my home up for sale, and because it needed a new roof, deck, and septic system, came face to face with this question. This article is based heavily on that experience, in which I made a serious mistake that other sellers can avoid. ...


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